The Monthly Labour Force Lottery
Centrebet is now running a book on the unemployment rate, as published in the monthly ABS Labour Force release. A rate of 5.6%-5.7% is currently favoured for May following 5.4% in April.
The quoted range begs the question as to whether they would pay on a rounded estimate published at 5.6% or 5.7% that was actually outside this range on an unrounded basis.
posted on 25 May 2009 by skirchner in Economics, Financial Markets
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